China now has 7 of world’s 10 biggest banks as Beijing’s financial ambitions grow
China’s “big four” state-run banks are the largest in the world in terms of asset scale, a new…
95% of overseas firms expect to sustain or boost use of the yuan: Bank of China poll
The global business appetite for China’s yuan is strengthening as Beijing’s long-term campaign to internationalise its currency gains…
Will China’s deal with Australian mining giant BHP boost yuan internationalisation?
Australian mining giant BHP’s decision to adopt a yuan-denominated index for a major Chinese buyer poses a challenge…
More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery
Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and…
Africa’s yuan pivot: why more top lenders are eyeing China’s bond market
Beijing’s push to internationalise the yuan is gaining a new vehicle in Africa as another major multilateral lender…
How China’s global investment model is changing – and what it means for the yuan
Foreign direct investment (FDI) has been a crucial pillar of China’s economy since it opened up, drawing in…
China’s PBOC Vows Steps to Promote Use of Yuan Around the World
The People’s Bank of China in Beijing. Bloomberg (Bloomberg) — Chinese authorities pledged to make it easier for…
China expected to leave benchmark lending rates unchanged despite Fed easing
SHANGHAI (Reuters) -China is expected to leave benchmark lending rates unchanged for the fourth month in a row…
Chinese researchers lodge concerns over US debt as Beijing limits exposure
Calls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national…